Manchester City publish 2018-19 Annual Report
Manchester City post record £535m revenue and fifth consecutive profit
- City report record revenues of £535.2 million, the eleventh consecutive year of growth under the ownership of His Highness Sheikh Mansour bin Zayed
- £10.1 million profit posted; the fifth consecutive year of profit
- Wage/revenue ratio sits at a healthy 59%
- All major club activities detailed in the report, including multiple records broken and the six trophies won by the men’s and women’s senior teams
Manchester City Football Club has released its Annual Report, detailing the Club’s activities and achievements during the 2018-19 season.
It was a season which on the field, culminated in six trophies won across the senior men’s and women’s teams including the securing of an unprecedented sweep of all four men’s domestic titles, and off the field, saw the posting of record revenues of £535.2m - above the £500m mark for the second successive year.
The Club, which this year, entered its second decade under the ownership of His Highness Sheikh Mansour bin Zayed, also reported a profit - of £10.1m - for the fifth consecutive year and a healthy wage/revenue ratio of 59%.
Reflecting on what he describes as an ‘extraordinary’ season, Chairman Khaldoon Al Mubarak recognises that both sustained hard work and a commitment to rigorous planning have been at the heart of the Club’s on and off-field success commenting that “this outcome represents not just a season, but a decade of hard work” and crucially that “the organisation is now at a level of maturity that enables us to plan on multi-year cycles both in terms of our management of squads and more widely across the business. This strategic planning has allowed us to create an environment in which continued on-pitch success is both possible and likely, and financial sustainability is a reality.”
Chief Executive Officer Ferran Soriano echoes these sentiments, remarking that while winning cannot be guaranteed, “we can all be sure that we will be focused, resilient and consistent in our approach,” continuing that “victories are not accidents; they are the product of careful planning, consistent hard work and the acknowledgement of the need to stay humble and hungry.”
Al Mubarak emphasises the importance of being at the forefront of development, pointing to the Club’s continued commitment to invest in both youth football and premium facilities pledging to “continuously improve and innovate, be that on the pitch, commercially, in infrastructure development or in our service to fans and our community.”
Referencing the Club’s 125th anniversary year, the Chairman concludes his message with a warm tribute to former Club Secretary Bernard Halford, who passed away in March after four decades of service to the Club, describing his ‘indelible legacy’ and calling on all those involved with Manchester City “to be mindful, as he was, of the privilege to play a part in creating the future history of this wonderful club.”
Visit https://www.mancity.com/annualreport2019/ to read the full Annual Report.